Moussa81/iStock via Getty Images SSR Mining ( SSRM ) down 1.9% in Wednesday's trading as precious metal prices fell, but RBC Capital upgraded shares to Outperform from Sector Perform with a $40 price target, saying strategic transactions to effectively exit Turkey have transitioned it to a lower jurisdiction risk, Canada- and U.S.-focused company. Canada and the U.S. now represent 88% of SSR Minin...
Moussa81/iStock via Getty Images SSR Mining ( SSRM ) down 1.9% in Wednesday's trading as precious metal prices fell, but RBC Capital upgraded shares to Outperform from Sector Perform with a $40 price target, saying strategic transactions to effectively exit Turkey have transitioned it to a lower jurisdiction risk, Canada- and U.S.-focused company. Canada and the U.S. now represent 88% of SSR Mining's ( SSRM ) total net asset value and 79% of EBITDA following the miner's two major transactions this year, the $1.5B divestiture of Copler and the conversion of a 20% equity interest in Hod Maden to a 4% royalty, both set to close in Q3. RBC analysts John Wolfson and John Robertson project SSR ( SSRM ) will maintain more than $2B in net cash as of Q3, representing nearly one-third of market cap and providing the company with significant financial flexibility, and see shares as discounted with capital allocation updates as driving further upside to shares. Given SSR's ( SSRM ) significant free cash flow, valuation, and prior actions such as Q2's $300M share buyback), Wolfson and Robertson believe return of capital will remain a company priority and would be accretive at current prices; a higher share price could shift SSR's calculus to growth or M&A, but the analysts see current prices as undervaluing the probability of accretive capital allocation. More on SSR Mining SSR Mining: The Market May Be Right To Re-Rate This Miner SSR Mining: Major Re-Rating Potential Remains After Çöpler Sale SSR Mining: Copler Drag Gone, Strong EPS, Hiking My Target
Special, secretive operation will ship 11th-century artwork across Channel without jolts, bumps or shakes As the Bayeux tapestry wends its way across the Channel in a top secret operation there will be no jolts, no bumps, no shakes or vibrations – unlike the voyage of William the Conqueror whose 1066 victory at Hastings the artefact recounts. “Nothing has been left to chance,” Catherine Pégard, th...
Special, secretive operation will ship 11th-century artwork across Channel without jolts, bumps or shakes As the Bayeux tapestry wends its way across the Channel in a top secret operation there will be no jolts, no bumps, no shakes or vibrations – unlike the voyage of William the Conqueror whose 1066 victory at Hastings the artefact recounts. “Nothing has been left to chance,” Catherine Pégard, the French minister of culture told a gathering to mark the historic loan, which will be physically achieved with the tapestry, which is really an embroidery, transported in a specially constructed cradle within a container, the minister said. Continue reading...
Bank of America CEO Brian Moynihan discusses consumer spending trends amid rising inflation, affordability issues and the impact of AI on the banking industry. He speaks with Bloomberg's Dani Burger at the Bloomberg Global Credit Forum in New York. (Source: Bloomberg)
Bank of America CEO Brian Moynihan discusses consumer spending trends amid rising inflation, affordability issues and the impact of AI on the banking industry. He speaks with Bloomberg's Dani Burger at the Bloomberg Global Credit Forum in New York. (Source: Bloomberg)
XRP (CRYPTO: XRP) has been range-bound between $1.16 and $1.55 for most of the year. The coin closed May at $1.30, and it now trades at $1.24, down roughly 30% year-to-date. The pressure comes from the CLARITY Act, which passed the Senate Banking Committee on May 14 and was placed on the Senate Legislative Calendar ... XRP Slides 10% in a Week: Will XRP Drop Again Before the Senate CLARITY Act Vot...
XRP (CRYPTO: XRP) has been range-bound between $1.16 and $1.55 for most of the year. The coin closed May at $1.30, and it now trades at $1.24, down roughly 30% year-to-date. The pressure comes from the CLARITY Act, which passed the Senate Banking Committee on May 14 and was placed on the Senate Legislative Calendar ... XRP Slides 10% in a Week: Will XRP Drop Again Before the Senate CLARITY Act Vote?
Latest Fed Beige Book Underscores "K-Shaped" Split Of US Economy Economic activity increased at a "slight to moderate" pace for ten of the twelve Federal Reserve Districts, while one District reported a slight decline and one reported no change, according to the latest Fed Beige Book. The just released Beige Book - prepared at the Federal Reserve Bank of Kansas City based on information collected ...
Latest Fed Beige Book Underscores "K-Shaped" Split Of US Economy Economic activity increased at a "slight to moderate" pace for ten of the twelve Federal Reserve Districts, while one District reported a slight decline and one reported no change, according to the latest Fed Beige Book. The just released Beige Book - prepared at the Federal Reserve Bank of Kansas City based on information collected on or before May 27, 2026, and is the second one to capture the effect of the war on the US economy - found that consumer spending remained mixed across districts and increasingly bifurcated across income groups amid affordability pressures, the latest confirmation of the K-shaped economy . In keeping with an increasingly fractured economy, the anecdotes highlighted moments of weakness that indicated far more weakness that the headline assessment indicated, to wit: higher-income households remained resilient and less sensitive to price increase, while middle-income households were described as “squeezing more life out of every dollar before deciding to spend it,” and low-income consumers showed greater financial strain. Said strain led to reports of increased credit card usage, fewer retail visits, and stronger demand for necessities. Auto dealers reported softer new vehicle demand tied to affordability and fuel costs, alongside substitution toward used and hybrid vehicles. By contrast, manufacturing activity increased at a modest to strong pace for nine of the Districts and only one noted a slight decline from the previous period. Banking conditions were stable across most Districts; however, residential mortgages, consumer, and agricultural loan delinquencies were noted as rising in several of the Districts. Agriculture conditions were unchanged or declined for most of the Districts, with cost pressures intensifying from fuel and fertilizer spikes. Energy activity increased in two of the markets, but Districts reported that the outlook remains highly uncertain leading pro...
Rob Daly/OJO Images via Getty Images Investment Thesis Oportun Financial Corporation ( OPRT ) is a subprime consumer specialty finance company that trades at a compelling discount to its peer group. Shares trade at less than a 3.0x P/E multiple on the consensus EPS estimate of $1.89 for 2027. With a new CEO having joined the Company earlier in Q2-26, Oportun appears to be at an inflection point to...
Rob Daly/OJO Images via Getty Images Investment Thesis Oportun Financial Corporation ( OPRT ) is a subprime consumer specialty finance company that trades at a compelling discount to its peer group. Shares trade at less than a 3.0x P/E multiple on the consensus EPS estimate of $1.89 for 2027. With a new CEO having joined the Company earlier in Q2-26, Oportun appears to be at an inflection point to the upside operationally. While we had a favorable view of prior CEO Raul Vazquez given the turnaround under his leadership over the past couple of years, we think refreshed leadership under Doug Bland is a reason for investors to consider OPRT. The compelling valuation, a substantial discount to peers, de-risks the stock for perceived near-term macroeconomic challenges. We think OPRT shares should trade at least at a 5x multiple and therefore have a 12-month $10 price target based on our above-consensus $1.95 adjusted EPS estimate for 2027. We believe OPRT shares are priced at a very favorable risk/reward profile. Data by YCharts Company Overview According to its May 2026 investor presentation , Oportun provides "intelligent borrowing and savings capabilities to help our members build a better financial future." Products OPRT offers both unsecured and secured personal loan products, as well as an app named Set & Save designed to help customers build their savings. The primary difference between the unsecured and secured personal loans is that the latter is secured by the borrower's automobile title. From a consumer perspective, the benefits include an average loan more than double ($6,607 versus $3,360), the 8 additional months of duration on average, and a 280 basis point lower APR (35.8% versus 33.0%). Given the modest APR discount for secured loans and the inherent adverse selection by an applicant who selects the unsecured option, we expect Oportun will continue to strategically prioritize secured loan originations. Responsibly Structured Credit Products (Oportun Inve...
The S&P 500 and Nasdaq could close lower for the first time in more than two weeks, and big tech stocks were a big reason why. The S&P was down 0.6%, while the Nasdaq was down 0.9%. The Dow was down 416 points, or 0.
The S&P 500 and Nasdaq could close lower for the first time in more than two weeks, and big tech stocks were a big reason why. The S&P was down 0.6%, while the Nasdaq was down 0.9%. The Dow was down 416 points, or 0.
Bloomberg Intelligence's Jody Lurie joins Scarlet Fu on "Bloomberg Deals." Barry Diller has made an offer for the remaining portion of MGM Resorts International he doesn’t already own, marking the latest pivot for the billionaire media mogul after overhauling IAC. (Source: Bloomberg)
Bloomberg Intelligence's Jody Lurie joins Scarlet Fu on "Bloomberg Deals." Barry Diller has made an offer for the remaining portion of MGM Resorts International he doesn’t already own, marking the latest pivot for the billionaire media mogul after overhauling IAC. (Source: Bloomberg)
There is a certain type of investment opportunity that looks terrible on the surface, and that is precisely the point. True value is almost always hidden behind a wall of intense market pessimism.
There is a certain type of investment opportunity that looks terrible on the surface, and that is precisely the point. True value is almost always hidden behind a wall of intense market pessimism.
Flavio Cobolli battles past Felix Auger-Aliassime to reach his first major semi-final and ensure an Italian will play in Sunday's French Open showpiece.
Flavio Cobolli battles past Felix Auger-Aliassime to reach his first major semi-final and ensure an Italian will play in Sunday's French Open showpiece.
Most investors view artificial intelligence (AI) as a battle between Nvidia, OpenAI, and other technology giants. But a new bottleneck is emerging that could shape the industry's future.
Most investors view artificial intelligence (AI) as a battle between Nvidia, OpenAI, and other technology giants. But a new bottleneck is emerging that could shape the industry's future.
Intel Surges 192.5% Year to Date: Should You Bet on the Stock? Yahoo Finance Intel Stock Has Surged on the AI Boom. Is it Still a Buy? Morningstar Intel’s new CEO cut management layers in half. The stock is up nearly 500% Fortune
Intel Surges 192.5% Year to Date: Should You Bet on the Stock? Yahoo Finance Intel Stock Has Surged on the AI Boom. Is it Still a Buy? Morningstar Intel’s new CEO cut management layers in half. The stock is up nearly 500% Fortune
Portugal and Austria defeated Germany for seats on the powerful but deeply divided UN Security Council on Wednesday in a hotly contested race after intense campaigning. The 10 rotating seats on the 15-member Security Council are earmarked for different regions of the world. The assembly elects five countries by secret ballot every year to serve two-year terms alongside the council’s five permanent...
Portugal and Austria defeated Germany for seats on the powerful but deeply divided UN Security Council on Wednesday in a hotly contested race after intense campaigning. The 10 rotating seats on the 15-member Security Council are earmarked for different regions of the world. The assembly elects five countries by secret ballot every year to serve two-year terms alongside the council’s five permanent veto-wielding members – the US, Russia, China, Britain and France. In the other contested race,...